2015 Volvo V60 Ownership Costs

Ownership Summary

Over 5 years this car costs 0.36% more to own than similar vehicles.

5 Year Ownership Cost Breakdown

Year 1

Year 2

Year 3

Year 4

Year 5

5 YEAR TOTAL

Maintenance

Services performed generally at manufacturer's suggested intervals where stated. Other services done at selected intervals. Cost per service is based upon industry-standard service times and national labor rate averages. Parts prices are based on manufacturer's suggested list price where available.

$0

$0

$464

$782

$659

$1,905

Repairs

Based on extended service contracts that will pay for repairs for at least 5 years or 70,000 miles with zero deductible. Service contract pricing is adjusted down for reasonable profit and a longer than standard manufacturer warranty.

$0

$0

$0

$338

$748

$1,086

Fuel

U.S. Government EPA mileage figures. Mileage is 60% highway driving, 40% city. Fuel cost per gallon is $3.39 for unleaded regular, $3.58 for unleaded mid-grade, $3.75 for premium, and $3.80 for diesel (subject to inflation of 1.66%). (Based on Energy Information Administration U.S. 6-month average self-service regular, mid-grade and premium gasoline and diesel prices.) For the Best Deals monthly analysis, 6-month rolling average fuel costs are used.

$1,931

$1,963

$1,996

$2,029

$2,063

$9,982

Depreciation

Based on the assumption that you keep your vehicle for 5 years, after which time you sell it in a private party transaction (not sold to a dealer). Also assumes that the vehicle is in good condition with 70,000 miles (14,000 miles per year).

$5,921

$4,035

$3,925

$3,686

$3,492

$21,059

Financing

Assumes 10% down payment on a 60-month loan and an annual interest rate of 4.06%

$1,265

$1,002

$733

$457

$163

$3,620

Insurance

Due to the extremely varying nature of insurance costs, the figures listed in this report are estimates for comparative purposes. We assume the following:

principal operator is under age 65;

all drivers have more than six years experience with no chargeable accidents;

vehicle is for personal use;

lives in a suburban/urban community, with:

Collision:$500 Deductible

Comprehensive:$500 Deductible

Medical:$25,000

Property:$50,000

Personal liability:$100,000/$300,000

Uninsured driver:$25,000/$50,000

$1,609

$1,609

$1,609

$1,609

$1,609

$8,045

State Fees

State Fees includes title and registration fees and are based on a sales weighted average for all states. Registration fees vary depending on the weight, price, and class of the vehicle.

$132

$91

$89

$81

$79

$472

Yearly Totals

This is the total cost of ownership for this vehicle over 5-years and 70,000-miles.

$10,858

$8,700

$8,816

$8,982

$8,813

$46,169

5-Year Cost of Similar Vehicles

$46,005

Difference

$164

Value Rating

Below Average

2015 Volvo V60 T5 Wagon cost of ownership data is powered by

Ownership costs are the costs to purchase and operate a vehicle over a period of time. Understanding these costs may enable you to save money and help you make a wiser decision when choosing your next new car.

Regardless of the “value” claims that you may read in car reviews or hear in advertisements, the economic value of a car is based on how much it will cost to own and operate compared to its purchase price. In a sense, purchase price is “what you pay” and the ownership costs are “what you get.”

Ownership costs can differ greatly. The cost to own and operate two different vehicles with equal purchase prices can differ by thousands. Of course when evaluating ownership cost for used cars and trucks, a vehicle's condition and mileage will greatly impact ownership costs, therefore it's important to compare similar vehicles in similar condition for an accurate picture.

Basic Warranty: The basic warranty covers everything except items that are subject to wear and tear or replacement in the ordinary course of vehicle ownership, such as oil and air filters, wiper blades and brake pads. Tires and batteries are often excluded, but usually have their own warranty provided by the manufacturers of those items. Emissions equipment is required by Federal law to be covered for five years or 50,000 miles.

Drive Train Warranty: In some cases the drive train warranty continues after the basic warranty has expired. This part of the warranty covers most of the parts that make the vehicle move, including the engine, transmission, drive axles and driveshaft. Like the basic warranty, consumable parts such as hoses and belts are not covered. However, most of the internal parts of the engine, such as the pistons and bearings, which are also subject to wear and tear, are covered by the drive train warranty.

Roadside Assistance: Many manufacturers provide a service that will rescue you if your car leaves you stranded, even if it's your fault. Lock yourself our of your car? Run out of gas? Got a flat tire? A call to the manufacturer's toll-free number will result in somebody showing up who can help you out. There is a huge variance in these programs so check ahead of time to see what is covered and what you will have to pay for.

Rust or Corrosion Warranty: Rust or Corrosion Warranty: This warranty covers the vehicle's sheet metal, and protects you from rust and corrosion that are severe enough to cause a hole - surface rust is not covered. However, if you keep your car washed and waxed rust shouldn't be a problem.